The Institute of Banking Personal Selection is also known IBPS and it is an independent recruiting organization.

It hires banking personnel, such as Specialist Officers of Scale – I and Scale – II, Probationary Officers (PO), and bank clerks.

IBPS Specialist Officer Salary

Salary for post of Specialist Officer Scale 1 & 2 is provided here:

Officer JMG Scale I: Rs 14500 600/7 18700 700/2 20100 800/7 – 25700/-
Officer MMG Scale II: Rs 19400 700/1 20100 800/10 – 28100/-

Name Posts for Scale (I, II):

Manager Credit (Scale II)/ Finance Executive (Scale II)
T. Officer (Scale-I)
Agricultural Field Officer (Scale I)
Rajbhasha Adhikari (Scale I)
Law Officer (Scale I)
HR/Personnel Officer (Scale I)
Marketing Officer (Scale I)
T. Officer (Scale-II)
Law Officer (Scale II)
Chartered Accountant (Scale II)

Office Salary Scale:
Name of Posts Pay Scale
Office Scale III 42020-1310(5)-48570-1460(2)-51490.
Officer Scale II 31705-1145(1)-32850-1310(10)-45950.
Officer Scale I 23700-980(7)-30560-1145(2)-32850-1310(7)-42020.
Office Assistant(MP) 11765-655(3)-13730-815(3)-16175-980(4)-20095-1145(7)-28110-2120(1)-30230-1310(1)-31540.

Remuneration:

Name of Posts Approximate Emoluments per Month inclusive DA and HRA at Current Rate (At present, the total starting emoluments are approximately)
Office Scale III Rs. 64600/- per month inclusive of DA and HRA at the current rate.
Officer Scale II Rs. 48800/- per month inclusive of DA and HRA at the current rate.
Officer Scale I 36400/- per month inclusive of DA and HRA at the current rate.
Office Assistant(MP) Rs. 18100/- per month inclusive of DA and HRA at the current rate.

The salary is revised from time to time.

Basic pay is same irrespective of the city of appointment. It is INR 23700.
HRA: This is paid @ 9.0% or 8.0% or 7.0% depending on the place of posting.
DA as per the latest CPI released by the gov. the DA amount is INR 8605.88.
For scale I it is paid @ rate of 7.75% (Special Allowance)
(Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130)
CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.
Least Accommodation is up to Rs 29500, this is provided in lieu of HRA.